Kindly note that SCZONE have issued its new regulation that 60% of the total shipment of the export cargo must be stored inside Adabiya Port before Vessel’s Berthing.

For more details, please find hereunder free translation into English language of the attached letter which received from The General Authority of Suez Canal Economic Free Zone concerning the above subject.

QTE

ARAB REPUBLIC OF EGYPTSUEZ CANAL ECONOMIC

Date: 31/12/2017Dept: Adabiya PortRef. 0122

To Shipping Agency,,

Good day,,

In regard to The Admiral / Vice Chairman of General Authority of Suez Canal Economic Zone decision to increase the volume of export cargo (loading). As loading rates are affected by transportation movements / factories productivity leadings most of the times to pre-long stay for vessels Alongside the berths.

Decided as follows:

1 - Not allowing loading vessels to berth in the port unless (60%) of the shipment volume is licensed to be stored inside the yards (port yard / rented yard).

3 - The Shipping Agency to inform The Port with the yards / warehouses that the 60% of the shipment volume is stored at.

4 - The Port have the right to decide to un-berth the vessel (loading / discharging) in case of any delay in (low loading / discharging rates – non start of loading operation – port need to the berth) on vessel’s account. re-applying formalities for berthing is granted after solving delay causes.